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reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
-founder and romney supporter tom stemberg. no one understands the swing state of ohio better than senator rob portman. he'll be joining us from cincinnati. but before we get to all this, and believe me, this is a lot to get on today, let's get you up to speed on this morning's other top headlines with andrew. welcome back. >> thanks. we haven't even talked about football, but i hope we get a chance to. china central bank reportedly injecting 57.9 billion into money markets. regulators are struggling to maintain liquidity without the injection. speaking of china, the country's largest listed steel maker has suspended output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing t
, a presidential candidate, a mitt romney surrogate and a "squawk box" guest. now he's the new head of the financial services round table. tim pawlenty will be joining us live at #:00 a.m. and the emmy awards, homeland winning for best raw made, modern family with best comedy. before we get to all of this, let's get you up to speed on all of the top stories. >> i was very happy about homeland last night. i know joe was i imagine, too, since we're both -- i think you're a homeland watcher, as well, right? >> no. i've seen the first couple of episodes. i don't -- no. >> jimmy kimmel did a nice job with it. let's get you caught up on the headlines. major supplier, foxconn, suspended production at a factory in china after a brawl by as many as 2,000 employees at a dormitory injured 40 people. the cause of the fight is under investigation. the taiwanese owned company declining to say whether this particular factory is involved in iphone production. apple and foxconn have been working together to improve labor conditions and raise wages there. foxconn makes components also for dell and he
. >>> and larry kudlow will give us his take on the president and romney's aappearances on "60 minutes" last night. that's coming up in the next hour. >>> first, though, apple selling millions of iphone 5s over the weekend. jon fortt is live in san jose with what the real number is. there's some disagreement about that this morning. >> reporter: there is. 5 million is the number of iphone 5s when one prominent apple analyst had been looking for 6 million to 10 million. that 5 million compares to 5 million a year to go to the 4s. this doesn't count preordered ich 5s that were shipped but that weren't signed for. if your phone arrived over the weekend but is waiting for you to pick it up, that doesn't count. it doesn't count the 2 m phones ordered the first day but that won't get delivered until today or later. it's too soon to gauge exactly what this means for demand. piper jaffray estimated last week that lines has been 30% longer than they were for the 4s. a couple of other tidbits, the check of about 20 stores over the weekend showed that they were short of iphones. so there might have been quit
. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see more concerns coming in greece right now about austerity measures. the german dax is down by about 1.5%. the nikkei in japan was down by 2%. >>> in "sporting news," the atlanta braves are on their way to the postseason in. the boft the ninth against the marlins last night, freddy freeman connected and takes it to straight center for a walk-off homer. exciting.
end. and then -- but if romney wins it, you would see them all extended. is there one that would have a better outcome in your view? >> you know, i think there's a -- there's a tension between two different things here. on the one hand, there's a sense that in the very near term with a weak overall economic performance continuing that raising levels of taxes wherever in the distribution may have some negative effects on economic growth. and then there's a harder long-term question, frankly, which is how tax rates on capital gains, on dividends which feed through a somewhat complicated channel by encouraging various kinds of saving activity and ultimately lowering the cost of capital to businesses and encouraging investment, how that translates into long-term economic growth. that is frankly a difficult chain to try to measure in any precise way, and consequently it's harder to be able to trace through the quantitative impacts on growth to follow through on channels for that. >> to follow-up on that, which plan, do you think it's problematic for the economy at this point to have taxes
an election number. i think that if romney were able to capitalize off something he could capitalize what is obviously a deceleration in the economy and in the election. >> when we come back we're just minutes away from another data point. this is going to be breaking news on consumer sentiment followed by something we've all been waiting for. >>> coming up how many stocks can you talk about and how fast can you do it? see if you can do it better than cramer. six stocks in 60 seconds. when "squawk on the street" returns. ♪ [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when
Search Results 0 to 6 of about 7